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River West TIF

Designation: 2001    Expiration: 2025


Located in the West Town and Near West Side communities, the 124-acre River West TIF is characterized by two distinct areas. South of Carroll Street, the district possesses numerous older buildings, assorted vacant parcels and deteriorated infrastructure. North of Carroll, the area has residences, institutional users and several large industrial employers that take advantage of the area's highway, rail and river access amenities. The purpose of the TIF is to encourage the maintenance and rehabilitation of viable commercial and industrial uses, to foster residential development where appropriate, and to assemble and prepare sites for new development projects. TIF increment is intended for a variety of public works improvements in the area, the rehabilitation and repair of existing structures, and select property assembly and relocation costs. Job training and day care services are also supported by the TIF.

 

Redevelopment Plan (PDF)
Designation Ordinance (PDF)
Annual Report (PDF)
10-Year Status Report (PDF)
Projection Report (Data Portal)

 

 River West TIF district map, roughly bounded on the north by Chicago Avenue, Madison Street on the south, the Union Pacific Railroad tracks and Canal Street on the east, and Carpenter Street on the west.

PROJECTS

 

CTA Blue Line Grand Ave. Station

540 W. Madison St.

Blommer Chocolate Company

Jewel

Metra Market

WaterSaver Faucet